Having been thru several "buyout" situations in two different sectors of the economy, it's standard press release material, things will change for the employees of those bought out, odds are they will change for the worst. Whether quality and such goes down, very hard to say, but I would bet some people will say yes, while others say no. It will depend on who is talking as it's all personal opinion.
GO BIG ORANGE !
I meant to behave, but there were just way too many other options available at the time.